A Seeking Alpha analyst downgraded Quantum Corporation from Buy to Hold. The downgrade follows valuation concerns after a significant post-earnings rally.
Quantum reported Q1-FY2027 revenues of $80.8 million. Adjusted EBITDA reached $8.0 million, representing a multi-year high.
The company maintained strong performance despite supply chain constraints for tape and disk drives. The analyst increased the price target from $13.75 to $21.50.
The stock is now viewed as fairly valued following its recent price surge.